Illustration 1

Unit 19

Auditing the Accounts

Phrase list

Listen to the tape and practise the pronunciation of the following words and word combinations, quote the sentences in which they are used in the unit. Consult a dictionary and translate them into Russian.

to approve the accounts

to ensure that somebody is reporting correctly

to be in private practice

to be exempt from having to publish the accounts

Profit Statement (a Trading and Profit and Loss Account)

Balance Sheet

Director’s Report

to deduct overhead charges

depreciation on plant and buildings

the capital employed

issued share capital

retained earnings

fixed assets

trade investments

compilation of net current assets

less liabilities

The totals must agree.

current liability

stock valuation

to go into things

to be listed as goods paid for

to find no/the record of payment

to buy something on a sale or return basis

to make out cheques to somebody

to total up the value of the cheques

to pay in the staff member’s cheques

to draw out an equivalent sum of cash with the cheque

a withdrawal on the bank statement

a paying-in voucher for the date

to be a fiddle

to query the figure

to draw somebody’s pay in advance